Malaysia’s October industrial output higher than forecast

KUALA LUMPUR : Malaysia’s modern creation record (IPI) rose 4.2% in October 2016, which surpassed business analysts’ estimate of a 3.4% extension, supported by the assembling division.

The Statistics Department said on Friday the October 2016 was driven by higher development in assembling (4.2%), mining (3.5%) and power (6.9%).

“The IPI in September 2016 has been overhauled from 3.2% to 3.1% because of the modification in the mining file,” it said, which demonstrated higher on-month development from September’s 3.1%.

The office said the development in October 2016 was driven by higher development in all lists. The assembling segment recorded a 4.2% development, mining 3.5% and power (6.9%).

“The assembling division yield kept on extending at 4.2% in October 2016 subsequent to enlisting an expansion of 4.0% in September 2016,” it said.

It likewise said the real sub-segments which recorded development in October 2016 were: electrical and gadgets items (8.0%); petroleum, concoction, elastic and plastic items (3.7%) and non-metallic mineral items, essential metal and manufactured metal items (4.0%).

The mining division yield bounced back to 3.5% in October 2016 after a reduction of 0.3% in September 2016. The extension in October 2016 was bolstered by the expansion in unrefined petroleum record (2.7%) and common gas list (4.4%).

The power segment yield extended relentlessly by 6.9% in October 2016 after an expansion of 7.1% in September 2016.